At 09:21 am, the S&P BSE Sensex was trading 57 points higher at 35,540.14, with Dr Reddy's leading the performance chart with 2 per cent gains. IT major InfosysNSE -0.74 % was the worst performer, down nearly 1 per cent.
he broader Nifty50 index of National Stock Exchange (NSE) was trading above 10,800 level at 10,807.45, up 20.50 points or 0.19 per cent. Out of 50 constituents, 38 were trading in the green and 12 in the red.
Experts believe progressing monsoon and positive outlook on rural economy will give some respite to equity in the near term
Among individual stocks, Usha Martin climbed as much as 11.86 per cent after the company decided to initiate the sale of its steel business to achieve the objective of deleveraging the company’s Rs 3,700-crore debt burden. At 09:29 am, shares of the company were trading at Rs 31.80 apiece on BSE.
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